Meaning Of The Word OPEC

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OPEC Meaning

OPEC Definition
OPEC Definition

What's The Definition Of OPEC?

OPEC
proper noun: OPEC is an organization of countries that produce oil. It tries to develop a common policy and system of prices. OPEC is an abbreviation for 'Organization of Petroleum-Exporting Countries'.

OPEC in American English
Organization of Petroleum Exporting Countries: an association of major oil-producing nations which seeks to control crude-oil prices by setting production limits for each member nation
noun: an organization founded in 1960 of nations that export large amounts of petroleum: formed to establish oil-exporting policies and set prices

OPEC in British English
noun acronym for: Organization of the Petroleum Exporting Countries: an organization formed in 1961 to administer a common policy for the sale of petroleum

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